Alumni in Action_Jackson Perry ’20

Jackson Perry ’20, came to the Institute after completing his undergraduate studies at Worcester Polytechnic Institute in Massachusetts. After graduating, Jackson went on to work for the Advanced Analytics Group at Bain & Company based out of Boston, MA. For 2020 graduates, the transition from graduate school to the working Continue reading Alumni in Action_Jackson Perry ’20

The Boy Who Cried Type I Error (Wolf)

A classic bedtime story teaches a confusing statistical concept. Don’t believe me? Follow along. Given the following hypothesis: Ho: no wolf present Ha: wolf present What error was the boy who cried “wolf!” committing? A type I error, of course. He rejected the true null hypothesis and concluded the alternative. Continue reading The Boy Who Cried Type I Error (Wolf)